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hope is never, the price of oil and the price of energy was to skyrocket more than it is at the moment. but you could take pretty much any area of the world where there are latin complex, not that want to minimize iran clearly, but all such conflicts could themselves entail economic consequences that we have to be mindful of when we model. i don't want to sort of list those parts of the world where conflicts could arise and would have consequences, but this is, you know, as beckett used to say, this is life and his no cure for that. [laughter] >> next question. >> hello, thank you for your talk this morning. i'm with china centric television in washington, d.c. and my question is regarding china but in relation to the global financial crisis, what policy decisions and actions which are like to see from china in the coming months? >> i think policy decisions have been announced already very much so. i'll distinguish between short-term and medium-term. short term there's an announcement of stimulus that apparently gives towards yet more for structure projects, more public spending, some
them. [laughter] >> but you mentioned oil and natural gas. >> yeah, let's take energy, let's just take the energy sector because it's an example where you already have ferc, and it has its regulatory authorities, some of which already touch on cyber. so when we do a deep dive, we're looking at, well, what's already happening in that particular sector. do the -- >> and do you look at, too, if it's any good? >> absolutely. have we actually done what we need to do -- >> yeah. >> -- to make sure the sector is as secure as possible. >> um, and do you think that this -- first of all, i want to qualify, is it going to be a new executive order or an expansion on directives that have already been put into place? >> again, i don't want to go into too much detail here, but i would say it is in the format of a new order. >> okay, okay. and are you still hopeful about legislation in the long term too? >> i think we have to. as i said, the executive can only do so much. legislation does need to be addressed. i think one of the benefits of the debate in congress this past spring and summer was, i mea
may be a country autonomous on energy. so you will not import energy, oil, from any third country. what is the relation you have with south eurasia which you export today 10%, only 10%. with the chinese and the indians are more than 50%. now, this is the complete change of the scenario in the world. what is the reason why you have to be in this part of the world, if the reason why you came was oil and you don't need oil. the question. now, of course you cannot abandon this part of the world, the flow of oil -- [inaudible], et cetera, et cetera. but as secretary, it's not your oil but it is the oil of us you want to defend. so i think an order to avoid the vacuum, potential back in, i think we have to go hand in hand with europeans and americans because to cover and guarantee that this part of the world is stable is in the interest of both. but, of course, your pressure from your own people and say you don't have oil, you don't need oil from that part, why? israel is there. it's a different story. so i think that we have from today, not from tomorrow, from today and yesterday, to f
to the election of president obama and the real energy he brought on the campaign trail in 2008, to the question of transparency and the kind of good government i think we all envisioned. from my perspective, from about 2010, that energy at kind of dissipated. a lot of efforts have gone toward a lot of things, and we weren't seeing that sort of dramatic transformation that a lot of us can visualize. we can imagine knowing what the power of data is but it wasn't happening very much. and that caused me to do some work that i will describe your that results in some grades that i will talk about. grading is a cruel art but it sometimes is necessary art how we communicate things. what he did is i looked at the problem of sort of lacking transparency efforts around 2010, and it looked to me like maybe the transparency community have not communicated well enough to the government side. what it was we wanted. a lot of efforts have gone up if it didn't have a direction, didn't have a destination. and so i sat down with some technical people, i'm a lawyer so i have to go back and learn about how these com
energy lunatic who's trying to take your job. and the result is, more money actually didn't feed into a larger narrative in a way that i think the romney campaign would have preferred. the second thing that the super pac money is less effective now is that under fec rules, or fcc rules, super pacs campaigns are able to get the lowest available rates for the advertising on television advertising right now, right before an election. super pacs are not able to do that. super pacs in the same market are spending far more, sometimes twice or three times as much in the campaign is to get the same money. the third reason i think that you are seeing super pacs been less effective now than they were early on is that in just the last month or two, obama because we're getting close to the election, paying more attention to it because we have the conventions, are waking up and giving more money in small dollars in that we don't really sleep happening in the super pacs. at least not yet. made a bunch of people come at the last minute with $10 million checks but we haven't really seen it. the
Search Results 0 to 4 of about 5

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